Tax Credit To Expire Soon: Another Reason To Act Now

The present tax credit for move-up and first time buyers also expires this spring. Sales contracts must be signed by April 30. With low rates and lower home prices, this is the time to act. Even the Federal Reserve Board has stated that rates are likely to rise this spring as they begin to unwind their support of the mortgage markets. The following information on the tax credit was posted on the National Association of Home Builders Website.